- Associated Press - Wednesday, April 8, 2015

BATON ROUGE, La. (AP) - The Louisiana Department of Revenue analyzed corporate tax returns from some of the largest businesses in the state and found that only a quarter of those reviewed paid corporate income taxes in Louisiana.

The agency identified the top 200 sales tax accounts based on their reported gross revenue.

In 2012, those accounts matched up with 131 companies. The department whittled away those who aren’t required to file corporate income and franchise tax reports because their income flows up to company owners to report and pay taxes separately.

Revenue Secretary Tim Barfield said that left 87 companies for review, with federal taxable income of $19.5 billion and gross revenue over $1.6 trillion (not limited to Louisiana). The department found:

-52 reported positive net income in Louisiana.

-22 paid corporate income taxes after accounting for tax credits, tax deductions and operating losses.

-42 paid franchise taxes.

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A similar review of 2011 tax data whittled the 200 sales tax accounts to 77 companies, with federal taxable income of $21.2 billion that year and gross revenue over $2.2 trillion (not limited to Louisiana). Barfield said the department found:

-50 reported positive net income in Louisiana.

-19 paid corporate income taxes after accounting for tax credits, tax deductions and operating losses.

-38 paid franchise taxes.

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Source: Department of Revenue.

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